Net interest income during the quarter declined 3.6 percent to Rs 348 crore from Rs 361 crore in year-ago.

Gross non-performing assets for the quarter were higher at 20.1 percent from 18.8 percent in previous quarter and net NPAs were also higher at 11.96 percent compared to 11.63 percent in Q3FY17.

3:09 pm Drug Approval: Pharma major Lupin announced that it has received tentative approval for its Hydrocortisone Butyrate Lotion, 0.1 percent from the United States Food and Drug Administration (FDA) to market a generic version of Precision Dermatology, Inc.'s Locoid Lotion.

It is indicated for the topical treatment of mild to moderate atopic dermatitis in patients 3 months of age and older.

Here are the top headlines at 3 pm from Moneycontrol News' Sakshi Batra

2:29 pm FIA seeks talks with Indian Exchanges: Washington-based Futures Industry Association (FIA) said it will seek discussion with Indian

exchanges about their decision to stop trading of indices on Singapore and other foreign exchanges, even as SGX stock fell over 7 percent after the development.

Indian stock exchanges -- BSE, NSE and Metropolitan Stock Exchange of India (MSEI) -- on Friday said they will immediately stop the trading of indices of Indian securities on foreign bourses as part of a joint effort to stymie migration of liquidity to overseas markets.

Currently, Indian stock exchanges through a licensing arrangement provide their market data at various levels to index providers for creating Indices.

Singapore Stock Exchange (SGX) however yesterday said its entire India suite of products, including Nifty, will open and operate per normal on Monday.

2:24 pm Earnings: Public sector lender Indian Bank's third quarter (October-December) profit fell by 18.8 percent year-on-year to Rs 303.1 crore, dented by high provisions & contingencies and lower other income; but supported by higher revenue growth with improvement in asset quality.

The bank had reported profit at Rs 373.5 crore in corresponding quarter of last fiscal.

Asset quality improved during the quarter as the gross non-performing assets were lower at 6.27 percent from 6.67 percent in previous quarter and net NPAs were also declined at 3.30 percent from 3.41 percent QoQ.

2:14 pm NBFC License: Eduvanz Financing Pvt Ltd said it has obtained licence from the Reserve Bank to operate as a non-banking financial company (NBFC) and has started providing loans in the skill development sector.

The firm has also raised USD 500,000 investment led by Blinc Advisors.

Eduvanz said it will utilise the funds for strengthening it artificial intelligence-based lending technology for loan appraisal and expand its operations-pan India.

"With the NBFC status approval from the Reserve Bank of India, Eduvanz is bringing much-needed financial support in the skill development ecosystem using analytical tools and advanced risk management capabilities to extend loans without any paperwork in a matter of minutes," the company said in a statement.

Eduvanz provides loans to finance skill and educational trainings.

2:01 pm CCI Approval: Competition Commission of India has given its approval for the proposed 100 percent sale of Reliance Infrastructure Limited (RInfra) integrated Mumbai Power Business to Adani Transmission Ltd. (ATL).

RInfra and ATL had signed definitive binding agreement for 100 percent stake sale of the integrated business of generation, transmission and distribution of power for Mumbai in December 2017.

Total consideration value is estimated at Rs. 18,800 crore. Transaction is expected to be completed by March 2018.

Here are the top headlines at 2 pm from Moneycontrol News' Anchal Pathak

1:50 pm Drug Launch: Pharma major Lupin announced the launch of its Oseltamivir Phosphate Capsules, USP having received an approval from the United States Food and Drug Administration (FDA) earlier.

12:01 pm US Infrastructure Spending: President Donald Trump today will

unveil his long-awaited infrastructure plan, a USD 1.5 trillion proposal that fulfills a number of campaign goals, but relies heavily on state and local governments to produce much of the funding.

The administration's plan is centered on using USD 200 billion in federal money to leverage local and state tax dollars to fix America's infrastructure, such as roads, highways, ports and airports.

"Every federal dollar should be leveraged by partnering with state and local governments and — where appropriate — tapping into private sector investment to permanently fix the infrastructure deficit," Trump said at last month's State of the Union address.

Trump has repeatedly blamed the "crumbling" state of the nation's roads and highways for preventing the American economy from reaching its full potential.

Here are the top headlines at 12 pm from Moneycontrol News' Anchal Pathak

11:42 am Drug Launch in India: Sanofi India continued to deliver breakthrough medicines for the management of diabetes with the launch of its new product - Toujeo, the next generation basal insulin.

Toujeo is a once-daily, long-acting basal analog insulin that improves glycemic control in adults with type 1 and type 2 diabetes.

11:28 am Earnings Reaction: Shares of Tata Steel rose more than 5 percent intraday after the company reported a five-fold jump in its third quarter profit.

Tata Steel on February 9 had reported a five-fold rise in consolidated net profit to Rs 1,135.92 crore for the third quarter ended December 31. It had posted a consolidated net profit of Rs 231.90 crore in the same quarter of last fiscal.

The consolidated income during October-December quarter increased to Rs 33,672.48 crore, from Rs 29,154.75 crore in the year-ago period.

10:55 am Market Outlook: The earnings growth is still some quarters away but 10 percent tax on the long-term capital gains (LTCG) should not impact investment decisions of investors, Dipen Sheth, Head-Institutional Research at HDFC Securities said in an interview with CNBC-TV18.

There is some noise about mutual funds declaring a dividend ahead of the financial year given the fact that dividends are tax-free now and after 1st April the long-term capital gains tax will come in.

However, Sheth said a 10 percent tax does not take away from any investment decision. A 10 percent vs 0 percent is nothing that bleeds my pocket. “I don’t see this as a technical ceiling,” said Sheth.

Commenting on equity markets, Sheth said that equities were behaving like a debt and that has to give away. If we look back, for last 13-14 months, equities didn’t show much volatility.

10:46 am Market Update: Benchmark indices continued to trade higher, with the Sensex rising 196.62 points or 0.58 percent at 34,202.38 as all the sectoral indices traded in the green, with the Nifty Pharma and Realty gaining 2 percent each.

10:26 am Poll: Public sector lender Bank of India is likely to post net loss at Rs 51.5 crore for quarter ended December 2017 against net profit of Rs 101.7 crore in same quarter last year.

Net interest income during the quarter is seen falling 1.3 percent to Rs 2,826.6 crore compared to Rs 2,862.6 crore in year-ago, according to average of estimates of analysts polled by CNBC-TV18.

Analysts said if slippages in Q3 fall further (from Rs 2,141 crore in Q2FY18), net interest margin come above 2.1 percent (2.15 percent in Q2) and gross non-performing assets improve (from 12.62 percent in Q2) then that would be taken positively by the Street.

10:14 am Rupee Trade: The rupee recovered by 15 paise to 64.25 against the dollar in morning on fresh selling of the US currency by exporters and banks amid a higher opening in domestic equity markets.

Forex dealers said the dollar's losses against major global currencies overseas after last week's rally supported the rupee.

On Friday, the rupee had dropped 14 paise against the greenback to end at a near two-month low of 64.40 on bouts of dollar demand from importers and banks.

Here are the top headlines at 10 am from Moneycontrol News' Anchal Pathak

9:45 am Order Win: Shares of CG Power and Industrial Solutions added 4 percent in morning on order win by subsidiary company in Indonesia.

Avantha Group Company, CG Power Systems Indonesia, a wholly owned subsidiary of CG Power & Industrial Solutions, has bagged an order from Indonesian state utility PT PLN (Persero) for manufacturing and supply of 64 units of Power Transformers valued at IDR 744 billion (USD 55 million).

This project is the first of its kind to be funded by Islamic Development Bank to support PLN’s ambitious goal to enhance its Transmission Grid performance.

The project will be completed by December 2018 and is going to play a critical role in its ongoing 35GW Fast Track Program.

CG Power will complete the supplies against the order by December 2018.

9:35 am Buzzing: L&T shares gained more than 1 percent in morning as its subsidiary L&T Hydrocarbon Engineering has signed a major field development EPC contract with Al Dhafra Petroleum Operations Company Limited, Abu Dhabi, UAE, with a value in excess of Rs 2,200 crore.

Al Dhafra Petroleum is a joint venture between ADNOC and Korea National Oil Corporation (KNOC) and GS Energy, which is represented by Korean Abu Dhabi Oil Consortium (KADOC).

9:26 am Order Win: Leading EPC player Reliance Infrastructure has bagged a Rs 567 crore order from the state-run power major National Thermal Power Corporation (NTPC) to build a flue gas Desulphurisation (FGD) plant at its 1500 MW (3 x 500 MW) power plant at Jhajjar in Haryana.

The scope of the work includes design, engineering, manufacture, erection and civil work, as well as testing and commissioning of the FGD system.

The Anil Ambani-run company's EPC division had earlier emerged as L1 bidder amidst competition against leading EPC players including BHEL, L&T, and Mitsubishi Hitachi Power system.

The overall schedule for the project is 20 months from the date of the letter and will of approval being delivered for the first unit, with three months additional time each for the two subsequent units, the company said in a statement today.